Table of Content

1 INTRODUCTION 23
1.1 OBJECTIVES OF THE STUDY 23
1.2 MARKET DEFINITION 23
1.3 STUDY SCOPE 24
FIGURE 1 MARKET SEGMENTATION 24
1.3.1 INCLUSIONS AND EXCLUSIONS 24
1.4 REGIONS COVERED 25
1.5 PERIODIZATION CONSIDERED 26
1.6 CURRENCY CONSIDERED 26
TABLE 1 USD EXCHANGE RATES, 2017–2020 27
1.7 VOLUME UNIT CONSIDERED 27
1.8 STAKEHOLDERS 27
1.9 SUMMARY OF CHANGES 27
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 2 FROZEN BAKERY PRODUCTS MARKET: RESEARCH DESIGN 29
2.1.1 SECONDARY DATA 30
2.1.1.1 Key data from secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 Key industry insights 31
2.1.2.2 Breakdown of primary interviews 32
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION 32
2.2 MARKET SIZE ESTIMATION 32
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 33
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 34
2.3 DATA TRIANGULATION 35
FIGURE 6 DATA TRIANGULATION 35
2.3.1 SUPPLY-SIDE 36
2.3.2 DEMAND-SIDE 36
FIGURE 7 DATA TRIANGULATION: SUPPLY AND DEMAND SIDE 36
2.4 ASSUMPTIONS FOR THE STUDY 37
2.5 RESEARCH LIMITATIONS & ASSOCIATED RISKS 38
2.6 MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19 38
2.6.1 SCENARIO-BASED MODELLING 39
2.7 COVID-19 HEALTH ASSESSMENT 39
FIGURE 8 COVID-19: GLOBAL PROPAGATION 39
FIGURE 9 COVID-19 PROPAGATION: SELECT COUNTRIES 40
2.8 COVID-19 ECONOMIC ASSESSMENT 41
FIGURE 10 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 41
2.8.1 COVID-19 ECONOMIC IMPACT: SCENARIO ASSESSMENT 42
FIGURE 11 CRITERIA IMPACTING GLOBAL ECONOMY 42
FIGURE 12 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 43
3 EXECUTIVE SUMMARY 45
TABLE 2 FROZEN BAKERY PRODUCTS MARKET SNAPSHOT, 2021 VS. 2026 46
FIGURE 13 IMPACT OF COVID-19 ON THE FROZEN BAKERY PRODUCTS MARKET SIZE,
BY SCENARIO, 2020 VS. 2021 (USD MILLION) 46
FIGURE 14 FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE, 2021 VS. 2026 (USD MILLION) 47
FIGURE 15 FROZEN BAKERY PRODUCTS MARKET SHARE, BY DISTRIBUTION CHANNEL, 2021 VS. 2026 (VALUE) 47
FIGURE 16 FROZEN BAKERY PRODUCTS MARKET SIZE, BY FORM OF CONSUMPTION, 2021 VS. 2026 (USD MILLION) 48
FIGURE 17 FROZEN BAKERY PRODUCTS MARKET SHARE AND GROWTH RATE (VALUE),
BY REGION 49
4 PREMIUM INSIGHTS 50
4.1 BRIEF OVERVIEW OF THE FROZEN BAKERY PRODUCTS MARKET 50
FIGURE 18 RISE IN DEMAND FOR CONVENIENCE PRODUCTS TO DRIVE THE FROZEN BAKERY PRODUCTS MARKET 50
4.2 FROZEN BAKERY PRODUCTS MARKET SHARE (VALUE), BY KEY REGION/COUNTRY 51
FIGURE 19 THE US DOMINATED THE MARKET IN 2020 51
4.3 FROZEN BAKERY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL & REGION 51
FIGURE 20 EUROPE DOMINATED THE MARKET IN 2020 51
4.4 EUROPE: FROZEN BAKERY PRODUCTS MARKET, BY TYPE & COUNTRY 52
FIGURE 21 BREAD SEGMENT DOMINATED THE EUROPEAN FROZEN BAKERY PRODUCTS MARKET IN 2020 52
4.5 FROZEN BAKERY PRODUCTS MARKET, BY FORM OF CONSUMPTION 53
FIGURE 22 READY-TO-BAKE SEGMENT ACCOUNTED FOR A SIGNIFICANT MARKET SHARE IN 2020 53
4.6 COVID-19 IMPACT ON THE FROZEN BAKERY PRODUCTS MARKET 53
FIGURE 23 CHART OF PRE- & POST-COVID SCENARIOS IN THE FROZEN BAKERY PRODUCTS MARKET 53
5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MACROECONOMIC INDICATORS 54
5.2.1 DIGITALIZATION OF THE RETAIL INDUSTRY 54
FIGURE 24 ONLINE PURCHASES OF GOODS & SERVICES IN THE EUROPEAN UNION, 2018 55
5.2.2 RISE IN THE NUMBER OF DUAL-INCOME HOUSEHOLDS 55
FIGURE 25 US: EMPLOYMENT STATUS OF PARENTS WITH OWN CHILDREN OF UNDER 18 YEARS, 2020 56
5.3 MARKET DYNAMICS 56
FIGURE 26 RISE IN CONSUMPTION OF CONVENIENCE FOOD PRODUCTS TO DRIVE THE FROZEN BAKERY PRODUCTS MARKET 57
5.3.1 DRIVERS 57
5.3.1.1 Rise in demand for convenience food products 57
FIGURE 27 NORTH AMERICA: PROCESSED FOOD CONSUMPTION SHARE IN DIETS, 2019 58
FIGURE 28 FOOD PROCESSING INDUSTRY SALES, 2019 58
5.3.1.2 Developments in the retail industry 59
FIGURE 29 RETAIL MARKET SIZE IN INDIA, 2021 (USD BILLION) 59
FIGURE 30 ONLINE RETAIL MARKET SIZE IN INDIA, 2021 (USD BILLION) 59
5.3.1.3 Scratch baking to become obsolete 60
5.3.2 RESTRAINTS 60
5.3.2.1 Increase in preference for freshly baked products 60
5.3.2.2 Need for constant temperature monitoring 60
5.3.3 OPPORTUNITIES 60
5.3.3.1 Adoption of individual quick frozen (IQF) technology to maintain the freshness of frozen bakery products 60
5.3.3.2 Adoption of microencapsulation technology to improve the shelf life of frozen bakery products 61
5.3.4 CHALLENGES 61
5.3.4.1 Lack of transport infrastructure support in emerging markets 61
5.3.4.2 Volatility of raw material & energy costs 62
5.4 IMPACT OF COVID-19 ON MARKET DYNAMICS 62
5.4.1 COVID-19 TO DRIVE THE DEMAND FOR CONVENIENT, HEALTHY, AND HYGIENIC FROZEN BAKERY PRODUCTS 62
5.4.2 COVID-19 IMPACT ON THE FROZEN BAKERY PRODUCTS SUPPLY CHAIN 63
6 INDUSTRY TRENDS 64
6.1 INTRODUCTION 64
6.2 ECOSYSTEM MAP AND SUPPLY CHAIN ANALYSIS 64
FIGURE 31 SUPPLY CHAIN ANALYSIS: FROZEN BAKERY PRODUCTS 65
6.2.1 RESEARCH & PRODUCT DEVELOPMENT 65
6.2.2 SOURCING & MANUFACTURING 65
6.2.3 PACKAGING 65
6.2.4 DISTRIBUTION, MARKETING & SALES 66
TABLE 3 FROZEN BAKERY PRODUCTS MARKET: SUPPLY CHAIN (ECOSYSTEM) 66
FIGURE 32 FROZEN BAKERY PRODUCTS: MARKET MAP 67
6.2.5 MANUFACTURERS 67
6.2.6 RAW MATERIAL PROVIDERS 67
6.2.7 TECHNOLOGY PROVIDERS 68
6.2.8 START-UPS/EMERGING COMPANIES 68
?
6.3 VALUE CHAIN ANALYSIS 68
6.4 TECHNOLOGY ANALYSIS 69
6.4.1 FROZEN BAKERY PRODUCTS AND IQF 69
6.4.2 FROZEN BAKERY PRODUCTS AND MICROENCAPSULATION 69
6.4.3 FROZEN BAKERY PRODUCTS AND ARTIFICIAL INTELLIGENCE (AI) 70
6.5 AVERAGE SELLING PRICE TREND 70
FIGURE 34 FROZEN BAKERY PRODUCTS MARKET: PRICING ANALYSIS, BY TYPE,
2016-2020 (USD/TON) 70
TABLE 4 PRICING ANALYSIS, BY TYPE, 2020 (USD/TON) 71
6.6 YC-YCC SHIFT 71
FIGURE 35 YC-YCC: REVENUE SHIFT FOR THE FROZEN BAKERY PRODUCTS MARKET 71
6.7 PORTER’S FIVE FORCES ANALYSIS 72
6.7.1 FROZEN BAKERY PRODUCTS MARKET: PORTER’S FIVE FORCES ANALYSIS 72
6.7.2 THREAT OF NEW ENTRANTS 72
6.7.3 THREAT OF SUBSTITUTES 73
6.7.4 BARGAINING POWER OF SUPPLIERS 74
6.7.5 BARGAINING POWER OF BUYERS 74
6.7.6 INTENSITY OF COMPETITIVE RIVALRY 75
6.8 PATENT ANALYSIS 76
FIGURE 36 LIST OF TOP PATENTS IN THE MARKET, 2019-2021 76
TABLE 5 LIST OF IMPORTANT PATENTS FOR FROZEN BAKERY PRODUCTS, 2019 - 2020 76
6.9 CASE STUDY ANALYSIS 79
6.9.1 USE CASE 1: CRYOGENIC FLOUR CHILLING SYSTEM HELPS COLES MAKE QUALITY FROZEN BREADS 79
6.9.2 USE CASE 2: NEWER FORMULATIONS WITH NUTRITION-DENSE INGREDIENTS 79
6.10 REGULATORY FRAMEWORKS 80
6.10.1 ASIA PACIFIC 80
6.10.2 CHINA 80
6.10.3 INDIA 80
6.10.4 AUSTRALIA & NEW ZEALAND 81
6.10.5 EUROPE 81
6.10.6 NORTH AMERICA 82
6.10.7 US 83
6.10.8 CANADA 83
6.10.9 SOUTH AFRICA 83
6.10.10 ARGENTINA 84
7 FROZEN BAKERY PRODUCTS MARKET, BY SPECIALTY TYPE 85
7.1 INTRODUCTION 85
7.2 SPECIALTY 85
7.2.1 FORTIFIED 85
7.2.2 GLUTEN-FREE 85
7.2.3 ORGANIC 86
7.2.4 LOW-CALORIE 86
7.2.5 SUGAR-FREE 86
7.3 NON-SPECIALTY 86
8 FROZEN BAKERY PRODUCTS MARKET, BY TYPE 87
8.1 INTRODUCTION 88
FIGURE 37 FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021 VS. 2026 (USD MILLION) 88
TABLE 6 FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 89
TABLE 7 FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 89
TABLE 8 FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE, 2016–2020 (KT) 89
TABLE 9 FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE, 2021-2026 (KT) 90
8.2 COVID-19 IMPACT ON THE FROZEN BAKERY PRODUCTS MARKET, BY TYPE 90
8.2.1 OPTIMISTIC SCENARIO 90
TABLE 10 OPTIMISTIC SCENARIO: FROZEN BAKERY PRODUCTS MARKET, BY TYPE, 2018–2021 (USD MILLION) 90
8.2.2 REALISTIC SCENARIO 91
TABLE 11 REALISTIC SCENARIO: FROZEN BAKERY PRODUCTS MARKET, BY TYPE,
2018–2021 (USD MILLION) 91
8.2.3 PESSIMISTIC SCENARIO 91
TABLE 12 PESSIMISTIC SCENARIO: FROZEN BAKERY PRODUCTS MARKET, BY TYPE, 2018–2021 (USD MILLION) 91
8.3 BREAD 91
8.3.1 INCREASED PREFERENCE AMONG CONSUMERS AND AVAILABILITY OF VARIOUS FROZEN BAKERY PRODUCTS TO DRIVE THE MARKET GROWTH 91
TABLE 13 FROZEN BAKERY PRODUCTS MARKET SIZE FOR BREAD, BY REGION,
2016–2020 (USD MILLION) 92
TABLE 14 FROZEN BAKERY PRODUCTS MARKET SIZE FOR BREAD, BY REGION,
2021–2026 (USD MILLION) 92
TABLE 15 FROZEN BAKERY PRODUCTS MARKET SIZE FOR BREAD, BY REGION,
2016–2020 (KT) 92
TABLE 16 FROZEN BAKERY PRODUCTS MARKET SIZE FOR BREAD, BY REGION,
2021–2026 (KT) 93
TABLE 17 FROZEN BAKERY PRODUCTS MARKET SIZE FOR BREAD, BY TYPE,
2016–2020 (USD MILLION) 93
TABLE 18 FROZEN BAKERY PRODUCTS MARKET SIZE FOR BREAD, BY TYPE,
2021–2026 (USD MILLION) 93
8.3.1.1 Buns 94
8.3.1.2 Donuts 94
8.3.1.3 Scones 94
8.3.1.4 Loaves 94
8.4 PIZZA CRUSTS 94
8.4.1 POPULARITY OF PIZZA AT CONVENIENCE STORES TO DRIVE THE DEMAND FOR PIZZA CRUSTS AROUND THE WORLD 94
TABLE 19 FROZEN BAKERY PRODUCTS MARKET SIZE FOR PIZZA CRUSTS, BY REGION, 2016–2020 (USD MILLION) 95
TABLE 20 FROZEN BAKERY PRODUCTS MARKET SIZE FOR PIZZA CRUSTS, BY REGION, 2021–2026 (USD MILLION) 95
TABLE 21 FROZEN BAKERY PRODUCTS MARKET SIZE FOR PIZZA CRUSTS, BY REGION, 2016–2020 (KT) 95
TABLE 22 FROZEN BAKERY PRODUCTS MARKET SIZE FOR PIZZA CRUSTS, BY REGION, 2021–2026 (KT) 96
8.5 CAKES & PASTRIES 96
8.5.1 INCREASE IN DEMAND FOR SINGLE-SERVING FROZEN PASTRY PRODUCTS DUE TO CONVENIENCE AND SHORTER PREPARATION TIME TO DRIVE THE MARKET 96
TABLE 23 FROZEN BAKERY PRODUCTS MARKET SIZE FOR CAKES & PASTRIES,
BY REGION, 2016–2020 (USD MILLION) 96
TABLE 24 FROZEN BAKERY PRODUCTS MARKET SIZE FOR CAKES & PASTRIES,
BY REGION, 2021–2026 (USD MILLION) 97
TABLE 25 CAKES & PASTRIES: FROZEN BAKERY PRODUCTS MARKET SIZE, BY REGION, 2016–2020 (KT) 97
TABLE 26 FROZEN BAKERY PRODUCTS MARKET SIZE FOR CAKES & PASTRIES,
BY REGION, 2021–2026 (KT) 97
TABLE 27 FROZEN BAKERY PRODUCTS MARKET SIZE FOR CAKES & PASTRIES, BY TYPE, 2016–2020 (USD MILLION) 98
TABLE 28 FROZEN BAKERY PRODUCTS MARKET SIZE FOR CAKES & PASTRIES, BY TYPE, 2021–2026 (USD MILLION) 98
8.5.1.1 Pies & Tarts 98
8.5.1.2 Croissants 98
8.5.1.3 Sponge cakes 99
8.5.1.4 Muffins 99
8.6 OTHER TYPES 99
8.6.1 CHANGING CONSUMER BEHAVIOR TOWARD PROCESSED FOODS TO DRIVE THE MARKET GROWTH 99
TABLE 29 OTHER FROZEN BAKERY PRODUCTS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 99
TABLE 30 OTHER FROZEN BAKERY PRODUCTS MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 100
TABLE 31 OTHER FROZEN BAKERY PRODUCTS MARKET SIZE, BY REGION,
2016–2020 (KT) 100
TABLE 32 OTHER FROZEN BAKERY PRODUCTS MARKET SIZE, BY REGION,
2021–2026 (KT) 100
9 FROZEN BAKERY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL 101
9.1 INTRODUCTION 102
FIGURE 38 FROZEN BAKERY PRODUCTS MARKET SHARE, BY DISTRIBUTION CHANNEL, 2021 VS. 2026 102
TABLE 33 FROZEN BAKERY PRODUCTS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016–2020 (USD MILLION) 103
TABLE 34 FROZEN BAKERY PRODUCTS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2021-2026 (USD MILLION) 103
9.2 COVID-19 IMPACT ON THE FROZEN BAKERY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL 103
9.2.1 OPTIMISTIC SCENARIO 104
TABLE 35 OPTIMISTIC SCENARIO: FROZEN BAKERY PRODUCTS MARKET,
BY DISTRIBUTION CHANNEL, 2018–2021 (USD MILLION) 104
9.2.2 REALISTIC SCENARIO 104
TABLE 36 REALISTIC SCENARIO: FROZEN BAKERY PRODUCTS MARKET,
BY DISTRIBUTION CHANNEL, 2018–2021 (USD MILLION) 104
9.2.3 PESSIMISTIC SCENARIO 104
TABLE 37 PESSIMISTIC SCENARIO: FROZEN BAKERY PRODUCTS MARKET,
BY DISTRIBUTION CHANNEL, 2018–2021 (USD MILLION) 104
9.3 CONVENTIONAL STORES 105
9.3.1 POPULAR PURCHASING DESTINATION FOR CONSUMERS AND THE AVAILABILITY OF FROZEN BAKERY PRODUCTS TO DRIVE THE MARKET GROWTH 105
TABLE 38 FROZEN BAKERY PRODUCTS MARKET SIZE IN CONVENTIONAL STORES,
BY REGION, 2016–2020 (USD MILLION) 105
TABLE 39 FROZEN BAKERY PRODUCTS MARKET SIZE IN CONVENTIONAL STORES,
BY REGION, 2021-2026 (USD MILLION) 105
TABLE 40 FROZEN BAKERY PRODUCTS MARKET SIZE IN CONVENTIONAL STORES,
BY TYPE, 2016–2020 (USD MILLION) 106
TABLE 41 FROZEN BAKERY PRODUCTS MARKET SIZE IN CONVENTIONAL STORES,
BY TYPE, 2021-2026 (USD MILLION) 106
9.3.2 GROCERY STORES 106
9.3.3 MASS MERCHANDIZERS 107
9.3.4 ONLINE RETAILERS 107
9.4 SPECIALTY STORES 108
9.4.1 INCREASE IN CONSUMER PREFERENCE FOR CONVENIENCE PRODUCT TO DRIVE THE DEMAND FOR SPECIALTY STORES OFFERING FROZEN BAKERY PRODUCTS 108
TABLE 42 FROZEN BAKERY PRODUCTS MARKET SIZE IN SPECIALTY STORES,
BY REGION, 2016–2020 (USD MILLION) 108
TABLE 43 FROZEN BAKERY PRODUCTS MARKET SIZE IN SPECIALTY STORES,
BY REGION, 2021-2026 (USD MILLION) 108
TABLE 44 FROZEN BAKERY PRODUCTS MARKET SIZE IN SPECIALTY STORES, BY TYPE, 2016–2020 (USD MILLION) 109
TABLE 45 FROZEN BAKERY PRODUCTS MARKET SIZE IN SPECIALTY STORES, BY TYPE, 2021-2026 (USD MILLION) 109
9.4.2 ARTISAN BAKERS 109
9.4.3 BAKERY STORES 109
9.4.4 IN-STORE BAKERIES 110
9.5 FOODSERVICE PROVIDERS 110
9.5.1 GROWING DEMAND FROM RESTAURANTS AND OTHER INSTITUTIONAL
FOOD SERVICES TO DRIVE THE MARKET GROWTH 110
TABLE 46 FROZEN BAKERY PRODUCTS MARKET SIZE IN FOODSERVICE PROVIDERS,
BY REGION, 2016–2020 (USD MILLION) 110
TABLE 47 FROZEN BAKERY PRODUCTS MARKET SIZE IN FOODSERVICE PROVIDERS,
BY REGION, 2021-2026 (USD MILLION) 110
TABLE 48 FROZEN BAKERY PRODUCTS MARKET SIZE IN FOODSERVICE PROVIDERS,
BY TYPE, 2016–2020 (USD MILLION) 111
TABLE 49 FROZEN BAKERY PRODUCTS MARKET SIZE IN FOODSERVICE PROVIDERS,
BY TYPE, 2021-2026 (USD MILLION) 111
9.5.2 HORECA 111
9.5.3 INSTITUTIONAL FOOD SERVICE & CATERING 111
10 FROZEN BAKERY PRODUCTS MARKET, BY FORM OF CONSUMPTION 112
10.1 INTRODUCTION 113
FIGURE 39 FROZEN BAKERY PRODUCTS MARKET SIZE, BY FORM OF CONSUMPTION, 2021 VS. 2026 (USD MILLION) 113
TABLE 50 FROZEN BAKERY PRODUCTS MARKET SIZE, BY FORM OF CONSUMPTION, 2016–2020 (USD MILLION) 114
TABLE 51 FROZEN BAKERY PRODUCTS MARKET SIZE, BY FORM OF CONSUMPTION, 2021–2026 (USD MILLION) 114
10.2 READY-TO-PROOF (FROZEN DOUGH) 114
10.2.1 INCREASE IN DEMAND FOR FROZEN DOUGH, WHICH ACTS AS A SUBSTITUTE OF SCRATCH BAKING DRIVES THE MARKET GROWTH 114
TABLE 52 FROZEN BAKERY PRODUCTS MARKET SIZE FOR READY-TO-PROOF,
BY REGION, 2016–2020 (USD MILLION) 115
TABLE 53 FROZEN BAKERY PRODUCTS MARKET SIZE FOR READY-TO-PROOF,
BY REGION, 2021–2026 (USD MILLION) 115
10.3 READY-TO-BAKE (PARTIALLY BAKED FROZEN PRODUCTS) 115
10.3.1 RISING PREFERENCE FOR ARTISAN BAKERY PRODUCTS THAT HAVE LONGER SHELF LIFE BOOSTS THE MARKET GROWTH 115
TABLE 54 FROZEN BAKERY PRODUCTS MARKET SIZE FOR READY-TO-BAKE, BY REGION, 2016–2020 (USD MILLION) 116
TABLE 55 FROZEN BAKERY PRODUCTS MARKET SIZE FOR READY-TO-BAKE, BY REGION, 2021–2026 (USD MILLION) 116
10.4 READY-TO-EAT (FULLY BAKED) 116
10.4.1 RISE IN DEMAND FOR CONVENIENCE FOOD PRODUCTS FUELS THE MARKET GROWTH 116
TABLE 56 FROZEN BAKERY PRODUCTS MARKET SIZE FOR READY-TO-EAT, BY REGION, 2016–2020 (USD MILLION) 117
TABLE 57 FROZEN BAKERY PRODUCTS MARKET SIZE FOR READY-TO-EAT, BY REGION, 2021–2026 (USD MILLION) 117
11 FROZEN BAKERY PRODUCTS MARKET, BY REGION 118
11.1 INTRODUCTION 119
FIGURE 40 THE MARKETS IN ASIA PACIFIC AND ROW ARE EMERGING AS THE NEW HOTSPOTS (2021-2026) 120
TABLE 58 FROZEN BAKERY PRODUCTS MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 120
TABLE 59 FROZEN BAKERY PRODUCTS MARKET SIZE, BY REGION,
2021-2026 (USD MILLION) 121
11.2 COVID-19 IMPACT ON THE FROZEN BAKERY PRODUCTS MARKET, BY REGION 121
11.2.1 OPTIMISTIC SCENARIO 122
TABLE 60 OPTIMISTIC SCENARIO: FROZEN BAKERY PRODUCTS MARKET, BY REGION, 2018–2021 (USD MILLION) 122
11.2.2 REALISTIC SCENARIO 122
TABLE 61 REALISTIC SCENARIO: FROZEN BAKERY PRODUCTS MARKET, BY REGION, 2018–2021 (USD MILLION) 122
11.2.3 PESSIMISTIC SCENARIO 123
TABLE 62 PESSIMISTIC SCENARIO: THE FROZEN BAKERY PRODUCTS MARKET,
BY REGION, 2018–2021 (USD MILLION) 123
11.3 EUROPE 123
FIGURE 41 EUROPEAN FROZEN BAKERY PRODUCTS MARKET SNAPSHOT 124
TABLE 63 EUROPE: FROZEN BAKERY PRODUCTS MARKET SIZE, BY COUNTRY,
2016–2020 (USD MILLION) 125
TABLE 64 EUROPE: FROZEN BAKERY PRODUCTS MARKET SIZE, BY COUNTRY,
2021-2026 (USD MILLION) 125
TABLE 65 EUROPE: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 126
TABLE 66 EUROPE: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 126
TABLE 67 EUROPE: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (KT) 126
TABLE 68 EUROPE: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (KT) 127
TABLE 69 EUROPE: FROZEN BAKERY PRODUCTS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016–2020 (USD MILLION) 127
TABLE 70 EUROPE: FROZEN BAKERY PRODUCTS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2021-2026 (USD MILLION) 127
TABLE 71 EUROPE: FROZEN BAKERY PRODUCTS MARKET SIZE, BY FORM OF CONSUMPTION, 2016–2020 (USD MILLION) 128
TABLE 72 EUROPE: FROZEN BAKERY PRODUCTS MARKET SIZE, BY FORM OF CONSUMPTION, 2021-2026 (USD MILLION) 128
11.3.1 ITALY 128
11.3.1.1 High demand for frozen bakery products in the hotel and restaurant sector to drive the market growth 128
TABLE 73 ITALY: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 129
TABLE 74 ITALY: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 129
11.3.2 SPAIN 129
11.3.2.1 Rapid development in the bakery industry to drive the growth of the frozen bakery products market in the country 129
TABLE 75 SPAIN: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 130
TABLE 76 SPAIN: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 130
11.3.3 GERMANY 130
11.3.3.1 Increase in the number of bakery food stores and a large consumer base with high purchasing power to drive the market growth 130
TABLE 77 GERMANY: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 131
TABLE 78 GERMANY: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 131
11.3.4 UK 131
11.3.4.1 Increase in preference for ready-to-bake and ready-to-eat frozen bakery products to account for the fastest growth in the country 131
TABLE 79 UK: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 132
TABLE 80 UK: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 132
11.3.5 FRANCE 132
11.3.5.1 Increase in the number of fine dining restaurants and the trend of online grocery shopping to drive the market growth 132
TABLE 81 FRANCE: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 133
TABLE 82 FRANCE: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 133
11.3.6 REST OF EUROPE 133
TABLE 83 REST OF EUROPE: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 134
TABLE 84 REST OF EUROPE: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE, 2021-2026 (USD MILLION) 134
11.4 NORTH AMERICA 134
TABLE 85 NORTH AMERICA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION) 135
TABLE 86 NORTH AMERICA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY COUNTRY, 2021-2026 (USD MILLION) 135
TABLE 87 NORTH AMERICA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE
2016–2020 (USD MILLION) 135
TABLE 88 NORTH AMERICA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 136
TABLE 89 NORTH AMERICA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE
2016–2020 (KT) 136
TABLE 90 NORTH AMERICA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (KT) 136
TABLE 91 NORTH AMERICA: FROZEN BAKERY PRODUCTS MARKET SIZE,
BY DISTRIBUTION CHANNEL, 2016–2020 (USD MILLION) 137
TABLE 92 NORTH AMERICA: FROZEN BAKERY PRODUCTS MARKET SIZE,
BY DISTRIBUTION CHANNEL, 2021-2026 (USD MILLION) 137
TABLE 93 NORTH AMERICA: FROZEN BAKERY PRODUCTS MARKET SIZE,
BY FORM OF CONSUMPTION, 2016–2020 (USD MILLION) 137
TABLE 94 NORTH AMERICA: FROZEN BAKERY PRODUCTS MARKET SIZE,
BY FORM OF CONSUMPTION, 2021-2026 (USD MILLION) 138
11.4.1 US 138
11.4.1.1 Customer awareness toward health benefits is encouraging manufacturers to develop new specialty products 138
TABLE 95 US: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 138
TABLE 96 US: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 139
11.4.2 CANADA 139
11.4.2.1 Rapid growth in the food industry is a major factor for the growth of the frozen bakery product market in Canada 139
TABLE 97 CANADA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 139
TABLE 98 CANADA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 140
11.4.3 MEXICO 140
11.4.3.1 Rapid urbanization and population growth to drive the demand for convenience food products 140
TABLE 99 MEXICO: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 140
TABLE 100 MEXICO: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 141
11.5 ASIA PACIFIC 141
FIGURE 42 ASIA PACIFIC: MARKET SNAPSHOT 142
TABLE 101 ASIA PACIFIC: FROZEN BAKERY PRODUCT MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION) 143
TABLE 102 ASIA PACIFIC: FROZEN BAKERY PRODUCT MARKET SIZE, BY COUNTRY,
2021-2026 (USD MILLION) 143
TABLE 103 ASIA PACIFIC: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 143
TABLE 104 ASIA PACIFIC: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 144
TABLE 105 ASIA PACIFIC: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (KT) 144
TABLE 106 ASIA PACIFIC: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (KT) 144
TABLE 107 ASIA PACIFIC: FROZEN BAKERY PRODUCT MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016–2020 (USD MILLION) 145
TABLE 108 ASIA PACIFIC: FROZEN BAKERY PRODUCT MARKET SIZE, BY DISTRIBUTION CHANNEL, 2021–2026 (USD MILLION) 145
TABLE 109 ASIA PACIFIC: FROZEN BAKERY PRODUCT MARKET SIZE, FORM OF CONSUMPTION, 2016–2020 (USD MILLION) 145
TABLE 110 ASIA PACIFIC: FROZEN BAKERY PRODUCT MARKET SIZE, BY FORM OF CONSUMPTION, 2021-2026 (USD MILLION) 146
11.5.1 CHINA 146
11.5.1.1 Increase in disposable income to encourage the expenditure on food products 146
TABLE 111 CHINA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY PEST TYPE,
2016–2020 (USD MILLION) 147
TABLE 112 CHINA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 147
11.5.2 INDIA 147
11.5.2.1 Rise in urbanization and hectic lifestyle has led to a change in customer preferences for easily available food products 147
TABLE 113 INDIA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 148
TABLE 114 INDIA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 148
11.5.3 AUSTRALIA & NEW ZEALAND 148
11.5.3.1 Easily availability of wheat products at competitive prices to manufactures. 148
TABLE 115 AUSTRALIA & NEW ZEALAND: FROZEN BAKERY PRODUCTS MARKET SIZE,
BY TYPE, 2016–2020 (USD MILLION) 149
TABLE 116 AUSTRALIA & NEW ZEALAND: FROZEN BAKERY PRODUCTS MARKET SIZE,
BY TYPE, 2021–2026 (USD MILLION) 149
11.5.4 JAPAN 149
11.5.4.1 Rapid expansion of convenience store chains and specialty bakery products to drive the growth of frozen bakery products 149
TABLE 117 JAPAN: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 150
TABLE 118 JAPAN: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 150
11.5.5 REST OF ASIA PACIFIC 150
TABLE 119 REST OF ASIA PACIFIC: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 151
TABLE 120 REST OF ASIA PACIFIC: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 151
11.6 REST OF THE WORLD (ROW) 151
TABLE 121 ROW: FROZEN BAKERY PRODUCTS MARKET SIZE, BY COUNTRY,
2016–2020 (USD MILLION) 152
TABLE 122 ROW: FROZEN BAKERY PRODUCTS MARKET SIZE, BY COUNTRY,
2021-2026 (USD MILLION) 152
TABLE 123 ROW: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 152
TABLE 124 ROW: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 153
TABLE 125 ROW: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE, 2016–2020 (KT) 153
TABLE 126 ROW: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE, 2021-2026 (KT) 153
TABLE 127 ROW: FROZEN BAKERY PRODUCTS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016–2020 (USD MILLION) 154
TABLE 128 ROW: FROZEN BAKERY PRODUCTS MARKET SIZE, BY DISTRIBUTION CHANNEL, 2021-2026 (USD MILLION) 154
TABLE 129 ROW: FROZEN BAKERY PRODUCTS MARKET SIZE, BY FORM OF CONSUMPTION, 2016–2020 (USD MILLION) 154
TABLE 130 ROW: FROZEN BAKERY PRODUCT MARKET SIZE, BY FORM OF CONSUMPTION, 2021-2026 (USD MILLION) 155
11.6.1 SOUTH AMERICA 155
11.6.1.1 Increase in production of different types of flours and developments in the food processing industry to encourage the growth of frozen bakery products manufacturers 155
TABLE 131 SOUTH AMERICA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 155
TABLE 132 SOUTH AMERICA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 156
11.6.2 AFRICA 156
11.6.2.1 Economic growth and development of supermarkets in South Africa has encouraged the demand for frozen bakery products 156
TABLE 133 AFRICA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 156
TABLE 134 AFRICA: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 157
11.6.3 MIDDLE EAST 157
11.6.3.1 Due to the rise in the middle-class population, there is a significant increase in demand for frozen bakery products 157
TABLE 135 MIDDLE EAST: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 157
TABLE 136 MIDDLE EAST: FROZEN BAKERY PRODUCTS MARKET SIZE, BY TYPE,
2021-2026 (USD MILLION) 158
12 COMPETITIVE LANDSCAPE 159
12.1 OVERVIEW 159
12.2 MARKET SHARE ANALYSIS, 2019 159
TABLE 137 FROZEN BAKERY PRODUCTS MARKET: DEGREE OF COMPETITION 159
12.3 KEY PLAYER STRATEGIES 160
12.4 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS, 2015–2019 161
FIGURE 43 HISTORICAL FIVE-YEAR TOTAL REVENUE ANALYSIS OF KEY PLAYERS IN THE MARKET, 2015–2019 161
12.5 COVID-19-SPECIFIC COMPANY RESPONSE 161
12.5.1 GRUPO BIMBO 161
12.5.2 GENERAL MILLS INC. 162
12.5.3 ARYZTA AG 162
12.5.4 EUROPASTRY, S.A. 162
12.5.5 CONAGRA BRANDS, INC. 162
12.5.6 ASSOCIATED BRITISH FOODS PLC 162
12.5.7 KELLOGG COMPANY 162
12.5.8 VANDEMOORTELE NV 162
12.5.9 CARGILL, INCORPORATED 163
12.5.10 BRIDGFORD FOODS CORPORATION 163
12.6 COMPANY EVALUATION QUADRANT (KEY PLAYERS) 163
12.6.1 STARS 163
12.6.2 EMERGING LEADERS 163
12.6.3 PERVASIVE PLAYERS 163
12.6.4 PARTICIPANTS 164
FIGURE 44 FROZEN BAKERY PRODUCTS MARKET: COMPANY EVALUATION QUADRANT, 2020 (KEY PLAYERS) 164
12.6.5 PRODUCT FOOTPRINT 165
TABLE 138 COMPANY TYPE FOOTPRINT (KEY PLAYERS) 165
TABLE 139 COMPANY DISTRIBUTION CHANNEL FOOTPRINT (KEY PLAYERS) 166
TABLE 140 COMPANY FORM OF CONSUMPTION FOOTPRINT (KEY PLAYERS) 167
TABLE 141 COMPANY REGION FOOTPRINT (KEY PLAYERS) 168
TABLE 142 COMPANY PRODUCT FOOTPRINT (KEY PLAYERS) 169
12.7 COMPANY EVALUATION QUADRANT (START-UP/SME) 170
12.7.1 PROGRESSIVE C